It all looked rather positive to me. Their sales were down a tiny bit for the full year, but that was because they closed a bunch of stores that were not producing, and that was all from the first half of the year.
"Through the hard work and dedication of the entire JCPenney team, we delivered our second consecutive year of positive adjusted earnings. For 2017, we improved adjusted earnings per share by 175 %, reduced our outstanding debt levels by over $600 million and generated over $200 million of free cash flow. During the fourth quarter, we delivered our strongest positive sales comps and achieved our largest gross margin improvement for the year. Our fourth quarter gross margin improvement, combined with our continued commitment to expense discipline, helped us generate adjusted earnings per share of $0.57 for the quarter." "
thats all pretty positive.. of course it doesnt look like the market agrees with me lol
Hello, Whine One One.. I need a WHAAAAAMbulance dispatched to my location immediately. We have ANOTHER disgruntled penny investor!
